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Saturday, 08 May 10
NAPOCOR BUYS 122,000 TONS COAL - ABC CBN NEWS


ABC - CBN News reported that, State-run National Power Corp. (Napocor) said on Thursday it awarded 2 contracts for the supply of a total 122,000 tons of steam coal for its lone coal-fired plant.

The first contract involved the supply of 50,000 tons of coal awarded to Indonesian firm PT Berau Coal, with delivery in six shipments from August to December, Napocor said on its website (
www.napocor.gov.ph).

Berau made a single offer of $96 per ton, including cost and freight, at a tender for 50,000 tons coal on April 7. The offer was below Napocor's budget of $101.85 per ton of coal with gross calorific value of 5,120-6,640 kcal/kg.

Napocor said in a separate statement on its website that it also awarded a contract to local oil and gas explorer PNOC-Exploration Corp. for the supply of 72,000 tons of coal at P5,597 ($123) a ton in line with the approved budget. The coal will have a gross calorific value of 3,889-6,000 kcal/kg.

Australia's thermal coal, a benchmark for Asia, rose to an 18-month high of $108 a ton last week, supported by threats of a supply disruption in South Africa.

The coal will be used for Napocor's 100-megawatt Naga-Cebu plant in central Philippines. The power firm's coal needs have dropped significantly this year after selling off most of its coal-fueled power plants, part of a wider power reform program.
Source: ABC - CBN News



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Wednesday, 26 January 11
DRY BULK MARKET TAKES YET ANOTHER NOSEDIVE, CAPESIZES LOOK RATHER UNATTRACTIVE AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The downturn of the dry bulk market sees no boundariers, disproving even those who thought that at least for the capesize market, the worst had pass ...


Tuesday, 25 January 11
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With weather-related problems affecting the short-term outlook, and new building deliveries the longer-term picture, dry bulk rates continued to tum ...


Tuesday, 25 January 11
R-POWER TO INVEST $5BN IN INDONESIA - THE TIMES OF INDIA
The Times of India reported that, In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billio ...


Monday, 24 January 11
GOVT PROMISES COAL FOR PLN DESPITE PRICE SPIKES - THE JAKARTA POST
The Jakarta Post reported that, the government says state electricity company PT PLN will receive enough coal to fire its power plants, despite pric ...


Monday, 24 January 11
DRY BULK MARKETS DOWNTURN SEES NO RELIEF - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept falling for yet another week, with the industry’s benchmark, the Baltic Dry Index (BDI) losing an additional 4.79 ...


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